Wednesday, June 14, 2023

15/6/21. Thursday Morning Finspiration Report.

 Mixed results in the U.S. after Fed interest rate decision.  Trading, as usual on Fed day, was volatile.  The U.S. now faces options expiry on Friday.

Dow Jones -0.68%.  SP500 +0.08%.  Nasdaq +0.39%.  Mid Caps -0.63%.  Small Caps -1.35%.  Banks -1.83%.

Breadth was weak with Mid Caps and Small Caps finishing well on the down side.

SP5500.

Today was a "spinner" - with a wide range.  Coming at the top of the trend that's suggestive of a pull-back.  CCI is showing a negative divergence - also suggestive of a pull-back.

RSI at 72.4 is overbought.

Friday is options expiry which is likely to provide fireworks.  Friday is setting up as a market moving day.

Commodities.

Commodities +0.22%.  Energy -0.49% (with a bearish engulfing candle).  Base Metals +1.43%.  Agriculture +0.14%.  Gold flat +0.06%.

After 20 minutes of trading this morning, XJO is up about +0.3%. 

Information Technology (XIJ), which was battered yesterday, is up more than +1%.  Materials (XMJ) is also strong +0.6%.  Health (XHJ) continues its slide from yesterday -2%.



No comments:

Post a Comment

Finspiration Australia. 14/11/23. Tues. Morning Report.

Mixed Results in New York.  Energy up. NAB ex-dividend today. Dow Jones +0.16%.  SP500 -0.08%.  Nasdaq -0.11%.  Small Caps -0.07%.  Banks -0...